Urgent.News

What's breaking now, across thousands of outlets.

Business

The poisoned legacy of Sánchez in housing

It is an indisputable fact that when Sánchez arrived at La Moncloa, the Spanish real estate market was working much better than it is now.

Translated from Spanish Read in Spanish

The Spanish government's housing policies have been criticized for being ineffective. When Pedro Sánchez took office, the housing market was recovering, but since then, his government has implemented measures such as the Ley por el Derecho a la Vivienda, which aimed to regulate rents and make housing more affordable. However, the effects of these policies have been negative, including a decline in the supply of rental housing in Catalonia and a surge in demand.

The government has also failed to deliver on promises to build public housing, with only around 10,000 units delivered out of a promised 259,000. Critics argue that the government's approach has been misguided and that the market needs a more active management approach to address the shortage of housing.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

Daniel Moses: Making the Case for Structured, Fractional Real Estate Ownership

For generations, Africans have pooled resources through Ajo, Esusu, Susu, Chamas and cooperatives to achieve shared financial goals.

  • Daniel Moses advocates for structured fractional real estate ownership.
  • Fractional ownership allows groups to pool resources for property investment.
  • Moses suggests African collective capital traditions can inform modern fractional ownership models.

Oil Theft Decline and Tantita’s Push to Sustain Security of Nigeria’s Crude

President Bola Ahmed Tinubu’s Independence Day address offered a snapshot of an economy emerging from years of pressure, with oil theft declining, oil production improving, inflation easing from its…

  • Oil theft declines under President Tinubu's administration
  • Tantita Security Services protects oil infrastructure in Niger Delta
  • Company employs over 136,000 people, impacting 300,000 indirectly

More from Tuesday 6 October →